Overnight news roundup: 1-2 October

Everything you missed while you were sleeping

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Happy October! And now that it's here, it's time we get ready for the deluge of tech news that will hit us as we get closer to the Holidays. But until then, check out some of the stories that broke while you were sleeping.

Pentax, best known for its budget digital cameras, has announced a new 12.1-megapixel point-and-shoot that will set you back $299.95 when it ships in October. The Optio A40 may be an ideal solution for those looking for a cheap camera and adequate image quality.